On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
Though SPX broke through the upper trendline in normal scale; however, in log scale, it is still well within the wedge. The Daily Top Killer (DTK) index that I have been following, is in deep blue zone, signaling NO immediate selloff--notice that since Sept. 2020, each RED Alert led to a gradually reduced decline.
In the Fintwit universe, the nose-bleeding level of the broader market gave both veteran observers and newbie traders a chilling feel of the potential meltdown. @Otavio Costa looked back over a century of historical data, and noted “such depressed earnings’ yields have always led to very significant market meltdowns” (see the Gold Medal Tweet); most interestingly and ironically, “@unusual_whales” tweeted about FED’s reverse repos—in the tweet, an apparent typo (trillion vs billion) didn’t generate any odd feeling among followers, as most of market participants have already lost sense of the size of the ongoing ponzi scheme. Billion or trillion or gazillion, what is the difference?